At the recent Convention in New Orleans, the Board of Directors of the National Association of REALTORS® amended the four year time frame for Code of Ethics training to a two year time frame. The change goes into effect following conclusion of the current four year cycle on December 31, 2016.

Consequently, beginning January 1, 2017 all REALTORS® will be required to complete Code of Ethics training every two years.

The National Association’s Model Board Bylaws and Professional Standard Policy Statement #48, REALTORS® Code of Ethics Training, will eventually be amended to incorporate a two year time frame but not until completion of the current four year cycle.

REALTORS® are required to complete quadrennial ethics training of not less than two hours and thirty minutes of instructional time. REALTORS® completing such training during any two year cycle shall not be required to complete additional ethics training in respect of this requirement as a requirement of membership in any other board or association.

A REALTOR® completing the New Member Code of Ethics Orientation during any two year cycle shall not be required to complete additional ethics training in respect of this requirement until a new two year cycle commences.

Failure to complete the required periodic ethics training shall be considered a violation of a membership duty for which REALTOR® membership shall be suspended until such time as the required training is completed.

Every board and association is required to provide access to necessary ethics training programs either locally, in conjunction with other boards and associations, or through other methods (including, but not limited to, home study, correspondence courses, or internet-based instruction). Any training offered pursuant to this requirement must meet the learning objectives and minimum criteria established by the NATIONAL ASSOCIATION OF REALTORS® from time to time.

REALTOR® Code of Ethics Training In Classroom: Pre-registration is STRONGLY RECOMMENDED for these classroom offerings as class sizes are limited by room capacity regulations.

ABOUT THE TRAINING REQUIREMENT

REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycle. The training must meet specific learning objectives and criteria established by the NATIONAL ASSOCIATION of REALTORS®.

The current four-year cycle will end Dec. 31, 2016. Beginning January 1, 2017 all REALTORS® will be required to complete Code of Ethics training every two years.Training may be completed through local REALTOR® associations or through another method, such as home study, correspondence, classroom courses, or online courses.

The National Association of REALTORS® has created a NAR Code of Ethics course just for Appraisers and how the Code applies to their businesses. Here is the new link for the free on-line courses at Realtor.org. Click on the blue box on the right to get the appraisal track: http://learninglibrary.com/COE/A/HOME?affiliateId=10868